BX News & Events

Blackstone announced a new partnership with Tommy Fleetwood, world number four professional golfer. Tommy will serve as Blackstone's first ever global brand ambassador, supporting the company's multi-decade effort to bring its exceptional performance to private wealth investors.

Blackstone announced the final close of Blackstone Life Sciences VI. BXLS VI was oversubscribed and closed at its hard cap of $6.3B of total capital commitments. It is the largest life sciences private fund ever raised and is nearly 40% larger than its predecessor vehicle. Nicholas Galakatos, Global Head of Blackstone Life Sciences, said, "We are grateful to the BXLS VI investors for their strong support of our strategies and the firm's enduring conviction in the life sciences." He added, "Our partnerships with global leaders have produced 34 regulatory approvals of innovative medicines and devices. This track record highlights how we work successfully with industry trailblazers to help bring their most important products to patients around the world."

Blackstone announced that funds managed by Blackstone have invested $250M in Advanced Digital Gaming Technology, ADGT, a newly established payments and data intelligence technology platform launched from the United Arab Emirates to support regulated digital markets globally. ADGT has been established through a strategic partnership between Blackstone, Raya Holding, and as well as technology partners NRT Technology and Sightline Payments. Jon Gray, President and Chief Operating Officer, Blackstone, said: "We see significant opportunity to deploy capital at scale in the UAE to build companies that can grow both domestically and internationally, despite near term headwinds. The UAE is a global leader in travel and leisure, with emerging strength in technology, and we are excited to support ADGT to capitalize on these powerful trends."